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South Australia’s Strong Export Market Could Boost Housing Demand

By Brett Pilgrim

South Australia is proving itself as an exporter, which could open up opportunities for business in the state.

Those looking to make the move to South Australia to grow their businesses may consider basing themselves in the capital. With a range of property in Adelaide available for professionals, couples and families, there are opportunities abound in this vibrant city.

The state’s exports showed strong growth year-on-year to February 2014, with a 14 per cent increase to $12.1 billion, according to government analysis of Australian Bureau of Statistics figures, released on April 3.

This figure demonstrates a 12-month high for the state and guns ahead of the national average growth figure (9.2 per cent).

“In a very challenging international market, South Australia has outperformed every other State and Territory in the country,” noted Minister for the Public Sector Susan Close in an April 3 statement.

The state government has dedicated strategies in place to support its export sector, particular in the context of China and India.

From South Australia’s quality food and wine offerings to its mineral resources, it’s clearly a known player in global markets. The news may draw more businesses to set up shop in Adelaide and elsewhere in the state, potentially boosting residential property prices as more people flock to this thriving area.

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